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Required Information [The following information applies to the questions displayed below.] The stockholders' equity of TVX Company at the beginning of the day on February
Required Information [The following information applies to the questions displayed below.] The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$10 par value, 15e,eee shares authorized, 62,880 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 620, see 427,000 555,800 $1,602,800 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $31 per share on February 5 before the stock dividend. 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list Journal entry worksheet
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